FAQ: What is the purpose of an Asset Protection Trust?

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What is the purpose of an Asset Protection Trust?

An Asset Protection Trust is a legal device that is designed to provide a substantial barrier to an attack on assets from potential creditors, provides additional protection during any civil (business related, contractual or for money damages) law suit. It is frequently designed with enough flexibility so the beneficiaries may use trust assets while fighting any litigation proceeding. Properly constructed, it frequently allows the Settlor to put the assets "beyond the reach" of creditors and US judgments.

What is a Trust?

What is the purpose of an Asset Protection Trust?

Do we want a Foreign or Domestic Trust?

What is a Domestic Asset Protection Trust?

What is a Foreign Asset Protection Trust?

Are my life long accumulated assets susceptible to creditor attack?

How does an Asset Protection Trust operate?

Who manages or administers the trust and the trust funds?

Does an Asset Protection Plan make sense for me?

Understanding FIRPTA:
Buying and Selling Real Property
in the U.S. as a Foreign Entity

Buying Real Property

There are no general restrictions on foreign investment in the United States, unless that investment is in one of a few specific industries such as Radio and Broadcast Television, COMSAT, the Aviation sector, or Energy. The influx of capital is considered a welcome addition, and therefore there is very little legislation to navigate when purchasing U.S. real property as a foreign entity. Under U.S. federal law the only major restrictions to real property purchases by foreign entities impact buyers from countries with which the U.S. is at war, or who are subject to U.S. travel and trade restriction.

1 State law regarding such purchases vari...

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What is the purpose of an Asset Protection Trust?

Understanding FIRPTA:Buying and Selling Real Property in the U.S. as a Foreign Entity

Understanding FIRPTA:
Buying and Selling Real Property
in the U.S. as a Foreign Entity